Stock futures climb as Nvidia beats Wall Street earnings estimates: Live updates

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Wall Street is pricing in another blowout earnings report from chipmaker Nvidia.

Nvidia once again raised its forecast, with executives predicting third-quarter revenue would climb to $16 billion, or an increase of 170% on an annual basis.

"The entire tech sector and overall market was waiting for Nvidia with this being the purest and best barometer for AI demand and the results/guidance were a 'drop the mic' moment in our opinion that will have a ripple impact for the tech space for the rest of the year," said Dan Ives, senior equity research analyst at Wedbush Securities.

Elsewhere, the broader field of semiconductor stocks were also trading higher in after hours trading. Shares of

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia stock: Wall Street gears up for chipmaker's earnings reportFollow all the action as MarketWatch tracks Nvidia and its key earnings release.
Source: MarketWatch - 🏆 3. / 97 Read more »

Nvidia stock: Wall Street gears up for chipmaker's earnings reportFollow all the action as MarketWatch tracks Nvidia and its key earnings release.
Source: MarketWatch - 🏆 3. / 97 Read more »

Nvidia stock: Wall Street gears up for chipmaker's earnings reportFollow all the action as MarketWatch tracks Nvidia and its key earnings release.
Source: MarketWatch - 🏆 3. / 97 Read more »

Nvidia earnings: What Wall Street expects from the AI-chip giantNvidia reports its fiscal second-quarter earnings after the close of markets on Wednesday.
Source: MarketWatch - 🏆 3. / 97 Read more »

How Nvidia earnings could send ripples through Wall StreetNvidia is slated to post fiscal second-quarter earnings after the bell Wednesday. Analysts have lofty expectations for the chipmaker.
Source: CNBC - 🏆 12. / 72 Read more »